CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Interest Income
Residential consumer loans	$ 801,626	$ 485,332	$ 253,911
Residential investor loans	273,682	351,881	382,316
Consolidated Agency multifamily loans	12,222	18,239	18,645
Real estate securities	63,315	49,694	21,550
Other interest income	32,081	40,018	48,040
Total interest income	1,182,926	945,164	724,462
Interest Expense
Asset-backed securities issued	(805,088)	(572,497)	(371,761)
Debt obligations	(295,141)	(270,059)	(259,758)
Total interest expense	(1,100,229)	(842,556)	(631,519)
Net Interest Income	82,697	102,608	92,943
Non-interest Income
Mortgage banking activities, net	167,106	99,398	67,386
Investment fair value changes, net	(97,369)	(14,759)	(44,400)
HEI income, net	711	42,085	35,242
Servicing income, net	9,993	14,414	7,033
Fee income, net	10,957	11,030	8,213
Other income, net	3,883	1,830	(2,485)
Realized gains, net	(608)	306	1,699
Total non-interest income, net	94,673	154,304	72,688
General and administrative expenses	(153,946)	(136,393)	(128,295)
Portfolio management costs	(28,258)	(20,915)	(14,571)
Loan acquisition costs	(18,143)	(12,675)	(7,166)
Other expenses	(21,864)	(14,088)	(16,238)
Net (Loss) Income before Provision For Income Taxes	(44,841)	72,841	(639)
Provision for income taxes	(25,185)	(18,837)	(1,635)
Net (Loss) Income	(70,026)	54,004	(2,274)
Dividends on preferred stock	(7,015)	(7,015)	(6,684)
Net (Loss) Income (Related) Available to Common Stockholders	$ (77,041)	$ 46,989	$ (8,958)
Basic (loss) earnings per common share (in dollars per share)	$ (0.63)	$ 0.32	$ (0.11)
Diluted (loss) earnings per common share (in dollars per share)	$ (0.63)	$ 0.32	$ (0.11)
Basic weighted average common shares outstanding (in shares)	130,250,167	132,050,825	116,283,328
Diluted weighted average common shares outstanding (in shares)	130,250,167	132,139,434	116,283,328